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Avison Young Handles Gainesville Biotech, Life Science Research Facility Deal

Avison Young closed the $12 million sale of a newly-constructed biotech and life science research facility within Foundation Park in Florida’s Gainesville market. The 43,180-square-foot, Class A facility was constructed by Concept Companies in Alachua, FL. The sale was part of a 1031 exchange and represents one of the largest single office transactions in Alachua County since 2015.

Avison Young’s Rick Cain and Nick Banks spearheaded the disposition on behalf of Alachua Foundation Park Holding Company, LLC. Avison Young’s Michael T. Fay, David Duckworth and John K. Crotty, CCIM, were also part of the seller’s representation. The buyer was HF Holdings Colorado, LLC and financing was provided by Valley Bank’s Orlando office.

“The Foundation Park asset is well-positioned with strong tenancy and cash flow,” said Cain. “The proximity of Foundation Park and neighboring Progress Park provide a productive setting for many successful and growing bioscience companies.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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